https://www.taxtmi.com/caselaws?id=772178 The SC/Tribunal ruled that jewellery and cash surrendered during a survey, totaling Rs.387.41 Lacs, should be treated as legitimate business income rather than unexplained income. The court rejected the revenue's attempt to apply sections 69A and 69B with higher tax rates, finding the assessee's explanation credible and consistent with business operations. The appeal by revenue was dismissed, affirming normal tax treatment. en-us Fri, 28 Mar 2025 00:00:00 +0530 Thu, 05 Jun 2025 08:25:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772178 The SC/Tribunal ruled that jewellery and cash surrendered during a survey, totaling Rs.387.41 Lacs, should be treated as legitimate business income rather than unexplained income. The court rejected the revenue's attempt to apply sections 69A and 69B with higher tax rates, finding the assessee's explanation credible and consistent with business operations. The appeal by revenue was dismissed, affirming normal tax treatment. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772178